Barbados: 2007 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion
Electronic Access:
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Summary:
This 2007 Article IV Consultation highlights that the economy of Barbados has been growing at a solid pace, and the outlook for 2007 is generally favorable. Robust output growth of about 4 percent is expected to continue in 2007, supported by tourism and construction. Inflation, which was pushed up in 2006 by higher energy prices and a temporary import surcharge, is set to decelerate to 5½ percent in 2007. However, the current account deficit, despite having narrowed in 2006, is still high and projected to remain unchanged at about 8½ percent of GDP.
Series:
Country Report No. 2007/315
Subject:
Balance of payments Banking Capital account Economic sectors External debt Financial services Public debt Public sector
English
Publication Date:
September 13, 2007
ISBN/ISSN:
9781451806076/1934-7685
Stock No:
1BRBEA2007001
Pages:
28
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